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- A home mortgage authority requires a deposit on home loan according to the following schedule:
Loan Amount ($) Deposits Less than 25,000 5% of loan value 25,000 – 49,999 $1250 plus 10% of loan over 25,000 50,000 – 100,000 $5000 plus 25% of loan over 50,000
Loans in excess of $100,000 are not allowed. Design a program that will read a loan amount and compute and print the required deposit.